How big is the Aircraft Switches Market?

The Aircraft Switches Market size is expected to reach USD 2.48 billion in 2024 and grow at a CAGR of 4.19% to reach USD 3.04 billion by 2029. Read More

What is the current Aircraft Switches Market size?

In 2024, the Aircraft Switches Market size is expected to reach USD 2.48 billion. Read More

Who are the key players in Aircraft Switches Market?

Honeywell International Inc., Eaton Corporation plc, Electro-Mech Components, Inc., Safran SA and RTX Corporation are the major companies operating in the Aircraft Switches Market. Read More

Which is the fastest growing region in Aircraft Switches Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Aircraft Switches Market?

In 2024, the North America accounts for the largest market share in Aircraft Switches Market. Read More

What years does this Aircraft Switches Market cover, and what was the market size in 2023?

In 2023, the Aircraft Switches Market size was estimated at USD 2.38 billion. The report covers the Aircraft Switches Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Switches Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Aircraft Switches Market - Size & Revenue

Aircraft Switches Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Aircraft Switches Market Report is Segmented by Application (Commercial, Military, and General Aviation) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aircraft Switches Industry Overview

The aircraft switches market is fragmented in nature due to the presence of a large number of local and global players. Some of the key players in the market are Safran SA, Honeywell International Inc., RTX Corporation, Eaton Corporation PLC, and Electro-Mech Components Inc.

Aircraft are equipped with various switches, varying in type and size, sourced from multiple suppliers. This results in a fragmented market, with each aircraft sourcing switches from several suppliers. Market players are customizing their offerings to align with aircraft manufacturers' needs to secure new contracts. In October 2023, RTX Corporation showcased a groundbreaking solid-state circuit breaker. This breaker, a pivotal component for future aircraft's hybrid-electric propulsion systems, aligns with the aviation industry's ambitious goal of achieving net-zero carbon emissions by 2050. Developed in collaboration with Collins Aerospace and Pratt & Whitney as part of NASA's Advanced Air Vehicles Program, this breakthrough breaker can interrupt thousands of amps in under 100 microseconds, a fivefold increase in power handling compared to current models.